Sr. Manager, FP&A - Watch Maisons

About the role

As Sr. Manager, FP&A, you will develop collaborative relationships within 2-3 of the 8 watch brand teams locally, regionally and centrally to master the specifics and gain in-depth knowledge of each brand to facilitate strategic partnerships and the ability to drive the various financial processes, support brand management with special projects for strategic decision making and monitor brand KPI’s. You will lead all finance activities (actuals, budget, forecasts, variances) of these watch brands, including but not limited to analysis to explain underlying business dynamics, pro-active insights into costs review/control to support business development as well as reporting and commenting on results. As a member of the FP&A Watch Brands team, you will also maintain various cross brand initiatives such as a strong internal controls environment and compliance with regional, brand and Group directives/regulations. This role requires strong interpersonal skills with significant interaction amongst key stakeholders throughout the organization within the brands locally as well as centrally plus within Richemont Americas regional functions across US, Canada, LATAM, Mexico and Brazil. Based in NY to capitalize on proximity to local brand team, enabling strong business partnership and agility, this role reports into the AVP, FP&A Watch Maisons.

Responsibilities

• Lead the annual budget and latest estimate processes to ensure timely and accurate submissions, including detailed workpapers and commentary.
• Ensure figures accurately reflect brand’s regional strategy through in-depth and detailed collaboration with brand management, both locally and centrally.
• Work closely with local brand presidents to realize each brand’s strategic vision for the region.
• Support the brands during annual strategic plan presentations.
• Control personnel costs planning together with brand management and HR team for accurate budgeting/forecasting of personnel costs as well as headcount.
• Continually monitor personnel costs evolution to optimize brand’s organizational strategy.
• Review sales analysis to monitor evolution and trends as well as understand key drivers.
• Drive the monthly close process by collaborating with business partners, managing deadlines, ensuring accurate financial results, monitoring phasing and analyzing trends.
• Balance sheet/cash flow analysis (customer deposits, current liabilities, accounts receivable, stock provisions, sales return provisions, lease reporting) as basis for sound budgeting/forecasting, including monthly phasing.
• Provide timely variance analysis to business partners highlighting potential risks and opportunities.
• Deliver month-end reporting to brand management, including insightful commentary.
• Continue to evolve relevant reporting and dashboards to meet brands’ needs.
• Prepare capital investment requisitions (CAR’s) including detailed P&L’s, supporting commentary and relevant comparatives to brand KPI’s.
• Provide guidance on appropriate policies and templates as well as insight on P&L specifics based on brand and/or regional metrics.
• Liaise with all key stakeholders (local and central brand teams – commercial, finance, construction; real estate, accounting).
• Track capex spending by project vs budget and approved capital investment requests; collaborate with brand teams for transparency and reconciliation.
• Identify and communicate potential issues